Linde plc Tokenized Stock (Reality) vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 5872.9× the size of Linde plc Tokenized Stock (Reality) (RLIN) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.39 across 25 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against RLIN's 19%.

Correlation: -0.39
Size ratio: 1 : 5872.9

Linde plc Tokenized Stock (Reality)RLIN

$523.6400

24h: +2.95%
Market cap: $24,623
Volume 24h: $23,317
Volatility (ann.): 19%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.5200

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

RLIN 0.0%Share of the two combined market caps100.0% CRCLB

Performance

RLINCRCLB

7 days+3.83%-5.56%RLIN
30 days+9.79%-9.22%RLIN
90 days—+19.24%—

Correlation

-0.39over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3990d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	RLIN	CRCLB
Max drawdown (400d)	-1.8%	-31.5%
Risk-adjusted return (90d)	0.51	0.23

Relative strength over 90 days: RLIN outperformed CRCLB by 21.9% — measured on the RLIN/CRCLB ratio, so it holds regardless of market direction.

Linde plc Tokenized Stock (Reality) →Circle Internet Group (bStocks Tokenized Stock) →